Gameloft is Likely to be Looking for More Equity Investment

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Gameloft, the mobile and casual game publisher related to Ubisoft, has launched an American Depositary Receipt (ADR) program. For those unfamiliar with ADRs, they are a way of making it easier for United States investors to purchase equity in companies traded on foreign exchanges. In this case, Gameloft's shares have been listed in France. Since this is a way of opening investment to a broader base, it probably means Gameloft is either working with a particular big investor, or hoping to broaden its investor base, potentially with further equity offerings.

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This page contains a single entry by Editor published on October 24, 2011 7:59 PM.

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